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Gold investing has become increasingly popular after the recent economic downturn. Perhaps you would like to know how gold can help you out financially, but you don't know much about it. Continue to read to learn about it.

Go with a reputable gold vendor when selling. Check reputations at the BBB and via online reviews. A buyer with a good reputation is going to give you a better deal for the gold you have, and they probably will have great customer service too. Make sure that you protect both your investment and yourself.

Make sure you research any gold broker you do business with. You want to work with a reputable gold broker. You want to determine how the business treats its customers and whether there are outstanding complaints against it. Talk to several different buyers and get quotes from all of them to ensure you get the best price for your items.

If you intend to convert your gold jewelry into cash, you'll have to choose between selling it as jewelry or for the "melt" value of the gold it contains. Usually, you will only get the melt value from both private sellers and pawn shops. Don't lose faith; there is always someone willing to buy the item as an entire piece.

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. Many companies offer free shipping; however, they may charge shipping for returns. You want to know what those charges might end up being before you decide to send them your gold.

Know what you have when it comes to gold. Just because something looks like gold, that doesn't mean it's worth the full weight in gold. Many times, gold is mixed with other metals to increase its strength. This will lower the price. Gold plated items are subject to this too. Have your pieces appraised before sale to determine their value.

Many people don't know that a magnet can be used to test whether something is made of gold or some other type of metal that is precious. Real gold won't stick to a magnet. Sometimes a jewelry piece is only plated in gold with a solid gold clasp. A magnet is a good tool for discovering fake gold.

Talk to a rep at a gold party to see how they figure out the number of karats in a jewelry piece. Items are usually stamped. Other times, though, there are no outward signs, and therefore representatives rely on other techniques. An acid test is one of the least complex ways of doing so, so if the representative is using that test, they may be new to the business.

Earring backs are often solid gold when the earring isn't. Necklace clasps and ring bands are as well. The weight is low, so sell these items together. A larger profit can be obtained this way as many pieces are being sold in one "lot".

Lately, gold has really boomed, mainly because of the state of the economy. The best approach to make the most from gold trading is to do your homework and understand these markets well. Use these tips to make a killing!